Investors Buy National Retail Properties (NYSE:NNN) on Weakness

Traders purchased shares of National Retail Properties (NYSE:NNN) on weakness during trading on Monday. $95.15 million flowed into the stock on the tick-up and $6.91 million flowed out of the stock on the tick-down, for a money net flow of $88.24 million into the stock. Of all stocks tracked, National Retail Properties had the 8th highest net in-flow for the day. National Retail Properties traded down ($0.09) for the day and closed at $39.98

Several equities analysts have weighed in on NNN shares. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, August 2nd. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. National Retail Properties has an average rating of “Hold” and an average price target of $45.67.

The stock’s 50-day moving average price is $39.68 and its 200-day moving average price is $41.50. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 29.99 and a beta of 0.38.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by $0.29. The business had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, equities research analysts forecast that National Retail Properties will post $1.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.475 per share. This is a boost from National Retail Properties’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.90 annualized dividend and a dividend yield of 4.76%. National Retail Properties’s payout ratio is presently 142.86%.

In related news, EVP Michelle Lynn Miller sold 2,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.28, for a total value of $80,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,267 shares of the company’s stock, valued at approximately $856,634.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.03% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in National Retail Properties by 278.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,694 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of National Retail Properties by 1.0% in the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 28 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of National Retail Properties during the first quarter valued at approximately $122,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of National Retail Properties by 82.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,632 shares in the last quarter. Finally, Pinnacle Bank purchased a new position in shares of National Retail Properties during the first quarter worth about $179,000. Institutional investors and hedge funds own 89.75% of the company’s stock.

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National Retail Properties Company Profile

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

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